Course Name | Speaker(s) | Hours Available | |
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Unique Financing Structures for Ohio School Districts | Mike Burns, Managing Director, Robert W. Baird & Co., Mark Weekley, Assistant Vice President, Robert W. Baird & Co. | 1 | View |
Course Name | Speaker(s) | Hours Available | |
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Investment Tips and Hot Topics | Eileen Stanic, CTP, Senior Public Funds Advisor, Meeder Investment Group | 1 | View |
This course will cover an overview of different financing structures that Ohio School Districts have available including but not limited to UTGO Bonds, LTGO Bonds, COPs, Lease Purchase and TANs. We will also discuss how future Rover Pipeline revenues will affect the District from a budgeting standpoint as well as how the Districts in this region of Ohio can leverage those revenues to construct, renovate or improve school facilities.
The course will provide the Treasurers with a detailed overview of what financing structures the District’s will have available to them including specific debt limits for each specific school district. We will discuss the advantages and disadvantages of each type of debt/lease structure so that the Treasurers have a solid understanding to share with their administration and school boards. We will discuss the Rover Pipeline revenues that many districts in this region received and how the Districts can plan accordingly going forward with this new revenue source. This discussion will include both funding internal funds such as a Capital Improvement Fund and/or a Budget Stabilization Fund as well as how they may be able to leverage the revenues to fund capital expenditures.
Statement of Accreditation Rationale:
In Ohio, School Districts are very limited on how much debt they may issue and how it may be issued. Without knowing the District’s debt limitations, a school district could get in trouble with their Auditors if they issue debt incorrectly. Also, there are specific advantages and disadvantages to issuing different types of debt and leases. Therefore, the goal of this presentation is to share specific debt limitations for each District attending and share with all districts what the advantages and disadvantages are of each.
Many of the school districts in this region are receiving additional revenues from Rover Pipeline which was recently constructed. We will share with the attendees what options they may have with these new-found revenues. These options will include funding internal funds as well as leveraging these funds to allow the District to complete needed capital improvement projects.
[email protected]
4215 Worth Ave, Suite 200
Columbus, OH 43219
Phone: 614.629.6967
Mike serves as Baird’s lead investment banker for Ohio issuers, serving K-12 public schools, municipalities, counties & townships. Since joining Baird in 2007, he has worked in the Structured Finance Group as well as the Ohio Public Finance Group and has underwritten, placed or advised on all types of financing structures in Ohio, including general obligation and revenue bonds, BANs, TANs, Certificates of Participation, lease purchases and tax increment financings. Since 2014, Mike has advised his clients, structured their bond issuances and served as sole underwriter or placement agent on over $2 Billion in par amount of bonds. This amount is not artificially enhanced by serving as co-manager on large State or State Agency bonds like many of his competitors do, this $2 Billion in bonds is from working with approximately 225 small to mid-sized issuers who have relied on Mike and his municipal advice to issue their financing at the lowest cost to the Issuer. Mike received a bachelor’s degree from Ohio University and resides in Westerville with his wife and four children.
[email protected]
4215 Worth Ave, Suite 200
Columbus, OH 43219
Phone: 614.629.6954
Mark serves as lead support banker for Baird’s engagements with Ohio municipal bond issuers, providing both analytical and transactional support. He has worked on over $1.2 Billion in approximate par value of underwriting and private placement bond issues since joining Baird in 2013. He received a Bachelor of Science degree (cum laude) in finance from Miami University and is licensed through the Financial Industry Regulatory Authority (FINRA) as a General Securities Representative (Series 7) and is a registered Municipal Securities Rulemaking Board Municipal Advisor (MSRB) (Series 50).
Participants will be provided with various tips and techniques to apply in the investing of public funds. The course will address key factors impacting the current interest rate environment, benefits of cash flow analysis, and assessment of various investment options.
This course will focus on investments and enhance the foundational knowledge of investing public funds. Topics covered will serve to increase the participants overall knowledge of today's interest rate markets and investment options thereby helping participants to construct a proper investment strategy.
[email protected]
6125 Memorial Drive
Dublin, OH 43017
Phone: 440-662-8268
Eileen Stanic is a Senior Public Funds Advisor with Meeder Investment Management. She has over 30 years of treasury management and investment management experience including more than a decade of Ohio public funds investment advisory experience. Over the years, she has presented at various Ohio public funds educational seminars and has served as a CPIM instructor. Eileen is a graduate of Cleveland State University where she was the recipient of the Wall Street Journal Award. She is a Certified Treasury Professional (CTP) and a member of AFP, the Association for Financial Professionals. Based in the greater Cleveland area, Eileen is also member of the CFA Institute and the CFA Society of Cleveland.
Since 1974, Meeder Investment Management and its affiliates have provided comprehensive investment solutions to its clients. Meeder provides various investment advisory services to state and local governments in Ohio, as well as administrative and participant services to both STAR Ohio and STAR Plus.